Planes, Constraints, and Automobiles: What to Look For in a Hot November CPI Print
It is key for commentators and policymakers to bear in mind that "transitory vs. persistent" is not the same debate as "narrow vs. broad-based."
CPI
93 postsQE Magic, Used Cars, and Omicron: Tapering While Preserving Optionality
The policy mistake worth worrying about isn’t the speed of taper per se; it's the signal that taper sends about the timing of liftoff in interest rate policy.
What Will Hot Q4 Inflation Tell Us About 2022 Dynamics?
As the year ends, the final three inflation prints are more likely to be on the hotter side of what policymakers are comfortable with, especially due to developments in motor vehicle and air travel prices.
